Markets Right Now: U.S. Stocks Slump on Day of Wide Swings

NEW YORK (AP) — The latest on developments in financial markets (all times local):

4:00 p.m.

Stocks are slumping for a second straight day as the market endures its most volatile stretch since February.

The Dow Jones industrials fell 545 points, or 2.1 percent, to 25,052.83 and the benchmark S&P 500 dropped 57 points, or 2.1 percent, to 2,728.37. Both indexes have fallen more than 5 percent the past two days.

This marks the sixth straight day of losses for the market, which has been rattled by rising interest rates, signs of a slowdown in the global economy and the U.S.-China trade dispute.

All of those factors could threaten the impressive profits Corporate America has been reporting this year.

All 11 sectors in the S&P 500 were lower, with banks and energy stocks the hardest hit.